Microsoft Co. (NASDAQ:MSFT) is Mitchell Mcleod Pugh & Williams Inc.’s 6th Largest Position

Mitchell Mcleod Pugh & Williams Inc. trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 4.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,278 shares of the software giant’s stock after selling 1,689 shares during the period. Microsoft accounts for about 3.2% of Mitchell Mcleod Pugh & Williams Inc.’s holdings, making the stock its 6th biggest holding. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Microsoft were worth $15,291,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. WFA Asset Management Corp boosted its position in Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after buying an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. boosted its position in Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after buying an additional 38 shares during the last quarter. Beck Bode LLC lifted its position in shares of Microsoft by 37.3% during the second quarter. Beck Bode LLC now owns 39,951 shares of the software giant’s stock worth $17,856,000 after purchasing an additional 10,847 shares during the last quarter. Kendall Capital Management lifted its position in shares of Microsoft by 5.0% during the second quarter. Kendall Capital Management now owns 2,169 shares of the software giant’s stock worth $969,000 after purchasing an additional 103 shares during the last quarter. Finally, AllGen Financial Advisors Inc. grew its stake in Microsoft by 0.7% in the second quarter. AllGen Financial Advisors Inc. now owns 13,942 shares of the software giant’s stock worth $6,231,000 after purchasing an additional 92 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Microsoft

In other news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the sale, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at $22,080,578.32. This represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the topic of a number of research analyst reports. Morgan Stanley reduced their target price on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Wedbush reissued an “outperform” rating and set a $550.00 price target on shares of Microsoft in a research report on Tuesday, November 19th. StockNews.com lowered Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. UBS Group dropped their price target on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Finally, Stifel Nicolaus upped their price target on Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $510.96.

Microsoft Trading Up 3.2 %

NASDAQ:MSFT opened at $401.02 on Thursday. Microsoft Co. has a 1 year low of $381.00 and a 1 year high of $468.35. The stock has a market cap of $2.98 trillion, a price-to-earnings ratio of 32.29, a PEG ratio of 2.21 and a beta of 0.92. The business has a fifty day moving average of $417.97 and a 200-day moving average of $422.24. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the previous year, the company earned $2.93 earnings per share. Equities analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Profile

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.